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[Korean Media: Upbit Parent Company Dunamu Chairman May Become Naver's Largest Shareholder] According to reports from the Korea Economic Daily, the 'major transaction' between Naver Financial and Upbit operator Dunamu is seen as a significant move for Naver to reform its core business and governance structure. It is expected that Dunamu Chairman Song Chi-hyung (phonetic translation) will become Naver's new largest shareholder. However, during discussions on the integration of the two parties, the regulatory issue of 'separation of industries' (separating traditional finance from virtual assets) may become a key point of contention. Financial regulatory authorities have stated that they will review whether Naver's acquisition of Dunamu violates relevant regulations. Previously, Naver and Dunamu had reached a share swap agreement and planned to jointly advance the stablecoin business layout.

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